Ener1 Group, Inc. announced that it sold 6.22 million shares of Ener1, Inc. common stock in a block trade with a group of institutional investors. Approximately $1.2 million of the $1.55 million proceeds will be invested in Ener1, Inc. as equity to accelerate the development of its hybrid electric vehicle (HEV) battery and fuel cell […]
DayStar Technologies, Inc. announced that it has successfully completed the issuance of new securities in connection with its previously announced restructuring of an outstanding convertible note and a private placement of common stock. Specifically, the company closed a previously announced round of financing with several new investors, selling 2,500,000 shares of common stock at a […]
FuelCell Energy, Inc. (FCE) announced an expanded agreement with its Korean strategic distribution partner, POSCO. Under the agreement, POSCO’s subsidiary POSCO Power will become a provider of FCE’s Direct FuelCell® (DFC®) power plants in Korea, and will manufacture the balance of plant equipment for the plants. Under the 10-year license and distribution agreement, POSCO Power […]
Fiberstars, Inc. announced $240,000 in funding through the Very High Efficiency Solar Concentrator Consortium (VHESC). Fiberstars was selected to join the consortium in 2006; this new installment will fund Fiberstars contributions through the next stage of the project. The Defense Advanced Research Projects Agency (DARPA) established the VHESC program to demonstrate at least 50% efficiency […]
First Solar, Inc. announced that it will supply solar modules for a 40MW solar power plant that will be constructed in the Saxon region of Germany in the municipality of Brandis by juwi solar GmbH. The company claims that, upon completion, the project will be one of the largest photovoltaic projects ever constructed. Project construction […]
The Finland-based Technical Research Center (VTT), a coordinator of a research consortium, is seeking to determine what materials, components and systems are needed to ensure efficient, reliable and cost-effective leading Solid Oxide Fuel Cell (SOFC) power plants. The consortium will also focus on systems design and balance of plant component engineering, including heat exchangers. Part […]
The European Union (EU)’s Environmental Commission recently released statements focusing on the need for more stringent requirements of member governments to ensure greater energy efficiency via renewable sources. The statements called for the industries and governments of Europe to source 20% of the continent’s energy from renewable sources by 2020 (in 2005 the share was […]
Alliance Semiconductor Corp. announced that it has signed an agreement to sell its 73.31% interest in Solar Venture Partners, L.P. to several funds affiliated with Willowridge and Thomas Weisel Partners for $5.0 million in cash. Solar Venture Partners is a venture capital partnership that holds investments in a number of early stage companies. The transaction […]
Beacon Power Corp. announced that it has received commitments for $10.6 million of new investment in the company. The capital will be used to fund ongoing operations, including, among other things, the expected completion of Beacon’s Smart Energy 25 flywheel development and the design of the first 20MW frequency regulation power plant. The transaction is […]
Suntech Power Holdings Co., Ltd. a manufacturer of photovoltaic (PV) cells and modules, announced that it has entered into multiple sales agreements with Conergy AG of Germany, a solar system integrator, to provide it with various PV modules for its global projects. The company currently estimates that the value of the PV modules to be […]
ReliOn Inc. announced it has received CE approval for its T-1000™ and T-2000™ fuel cell solutions. ReliOn’s hydrogen fuel cell products provide backup power between 600W and 12kW to communications applications. The CE mark on a product indicates that a company has met all applicable performance and safety requirements for the European Union. This process […]
SolarOne® Solutions claims that its standard solar LED lighting systems are now 60% brighter for the same amount of solar energy. The company’s new HL600 lamp delivers 600 lumens at steady-state operating conditions. At over 70 lumens per watt, the HL600 effectively surpasses the lumen per watt performance of many fluorescent bulbs. Outdoor conditions can […]
HelioVolt Corp. and Exeltech announced a joint development agreement to commercialize turnkey systems for cost-effective, reliable solar energy generation. The collaboration will draw on HelioVolt’s proprietary FASST™ technology for rapid CIGS thin-film production and Exeltech’s core competencies in high performance ac power system design and manufacture. Development and manufacture of the planned solar energy systems […]
Suntech Power Holdings Co., Ltd. announced that it has established Suntech Europe Ltd. in order to expand its customer base as well as to deepen the service and support offered to its customers in Europe, the Middle East and Africa (EMEA). The headquarters for Suntech Europe will be in London with sales offices expected to […]
The European Union (EU) has awarded a grant of €5.8 million to a European consortium undertaking a three-year project to develop Large Solid Oxide Fuel Cell-based (SOFC) power plants. The project, 'Towards a Large SOFC Power Plant,' started on January 1, 2007, with a total budget of €11 million. The project focuses on materials, components […]